A General POA is usually for a specified time frame and/or purpose and becomes invalid on the incapacity of the adult. A Springing POA does not take effect until the occurrence of an event or date (typically, upon the adult becoming incapable). Section 26(2) of the British Columbia Power of Attorney Act provides that if […]
In BC, the different types of Powers of Attorney (POA) include: (1) A General POA; (2) A Springing POA and (3) An Enduring POA. A General POA in British Columbia applies to all assets owned by the donor and ends upon the incompetency of the donor. Section 9 of the Power of Attorney Act, R.S.B.C. […]
Are you contemplating making changes to an existing Will but aren’t sure how? There are three ways to change a non-electronic Will. If you have an electronic Will, the only way to make changes is to execute a new Will. For a non-electronic Will, you may choose to make a new Will, you may execute […]
What do you do if you have made a Will, but you have changed your mind and you want to revoke it? You have a few options to revoke a valid Will. You may choose to make a new valid Will that contains a clause that revokes all previous Wills. You also may burn the […]
A Memorandum to a Will can be a helpful tool if the Will-maker has items they wish to gift. It is essentially a list or schedule of items and how the Will-maker wishes to distribute them. This may be something to consider for collectors, or those with numerous sentimental items that will be distributed to […]
Planning for what happens when you die can be very stressful. In addition to planning for how you would like your property, possessions, and assets distributed, if you have minor children, you will also want to consider appointing a successor Guardian. A Guardian of a child is responsible for making parenting decisions, including making important […]
Are you in the process of creating a will and have questions about appointing an Executor? When deciding who you will choose to be the Executor of your Will, there are various factors you may wish to consider. These factors include: the potential Executor’s willingness to act, whether you trust them, whether they are familiar […]
Introduction Salary arbitration ensures fair compensation for players and promotes negotiations between teams and players. Before the arbitration hearing, players and teams have the opportunity to negotiate and reach an agreement on a contract, which may help them avoid the arbitration process. In this blog, we’ll explore the distinct salary arbitration systems used in Major […]
Introduction During the sale of a business, it is essential for both the seller and the purchaser to carefully examine the potential employment issues that may arise. Evaluating these matters during the due diligence process is crucial because hidden employment liabilities, which are often not apparent on the balance sheet, can significantly impact the financial […]
Conditions Precedent – What is it and what does it mean? In real estate or commercial purchase contracts, “Conditions Precedent” are specific conditions or requirements that must be fulfilled or satisfied by either the buyer or the seller (and in some cases both) before the contract becomes legally binding and enforceable. These conditions act as […]